18. The undertaking shall explain for each material climate-related risk it has identified, whether the entity considers the risk to be a climate-related physical risk or climate-related transition risk.
19. The undertaking shall describe the resilience of its strategy and business model in relation to climate change. This description shall include:
(a) the scope of the resilience analysis;
(b) how and when the resilience analysis has been conducted, including the use of climate scenario analysis as referenced in the Disclosure Requirement related to ESRS 2 IRO-1 and the related application requirement paragraphs; and
(c) the results of the resilience analysis including the results from the use of scenario analysis.